Germany's Federal Statistics Office released data on German Gross Domestic Product toady. The seasonally-adjusted data showed that the GDP rose 0.7% between October and December in line with expectations as domestic demand and foreign trade were the main drivers of growth in Europe's largest economy. Private consumption rose 0.8%, capital investment added 1.2% and exports increased by 1.3%. A lower oil price and a weaker euro had positive effects on the economy. In the preceding quarter the GDP rose by 0.7%.